As expected. Sell rate % is very high today. Anticipate more selling pressure in the coming days ahead and 4.5c might be gone pretty soon. Many people might still be unaware about the consolidation taking effect on Nov 3.

Sharing my thoughts on the 10:1 consolidation which is taking effect this Nov 3 and the history of recent companies that had undertaken the same path .... it really doesn't look promising. Seems like the saying rings true, it has MORE ROOM TO DROP now (post consolidation) as the price becomes 45c instead of 4.5c. Though many might disagree (as the valuation still remains the same post consolidation), but market's (retailers) perception/mindset could be different "45c is deemed expensive as compared to 4.5c" ... if they viewed it just on the absolute stock price itself.

I won't be surprised if the stock is sold down (possibly to 2c and back to square one) prior to Nov 3.

30+M shares at 4.5c just got taken up in 10 secs just now. Amazing

if a LOSS making company like KGROUP can go up from 1.5c (3rd April) to 12c (today), which is a MASSIVE 700% GAINED in 4 months, imagine how much EAH can go up to as it is still a PROFITABLE company and has recently been award a project "Hasil Integrated Tax System" for RM21,375,000.

Good news. Bravo. 1st target price of 10c might just come true this week or next. Momentum is picking up fast.

As expected based on the previous announcement. More selling will follow. Possibly will trend to 1.5c/2c as per the long term support

Since its share consolidation announcement on Thursday, selling pressure has been increasing.

On Friday, 11.8M shares were sold down at 3c.
Today, 16.3M shares sold down at 3c, an increased of 38 %.

Purely from technical perspective, the price should retraced back to 2c level, from current 3c (a downside of 50%)

Better to sell quick whilst still got buyer at 3c before they disappear.

I noticed that the sell down started one week ago. Kept me wondering what initiated or prompted this aggressive sell down. The company has been making CONSECUTIVE profits for the past 16 Quarters, which in my opinion, would safely classify them as a pretty fundamental counter. So, there's not much reason for this dumping to happen, unless of course there are some bad news yet to be announced.

True enough, today, they reported a loss of RM 7.574 Million for the current reporting Quarter. Could this be the reason why the share was thrown down earlier at a higher price ?.

Or could the price be pushed down for the purpose of "Placement Price Fixing".

Whatever the reasons might be, just hope that the price will stabilized and not dived any further in the coming days.

"The BEARS are DOMINATING".

Today's sell down is as expected, a clear indication that the 10 to 1 consolidation is NOT favorable in the eyes of investors/shareholders.

The end of day summary shows that sellers disposed off a total of 116 Million shares at 3.5c and 11.8 Million shares at 3c. If this is not bad enough, the Sell Q at 3.5c has now BALLOONED to 228 Million shares. Looks like retailers are really getting WARY about the situation and wants an EXIT at a higher price.

Will be interesting to see how it plays out next week, whether it can sustain at this price level. In my opinion, i believed it will be SOLD DOWN further, as more and more shareholders become aware of this consolidation exercise and its NEGATIVE EFFECT on the share price.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3071161

the consolidation announcement just came out. simple example for those who do not understand what it means.

10 shares will become 1 share
100 shares will become 10 shares
1000 shares will become 100 shares

of course, the stock price will also be multiplied by 10x.

though the total number of shares will be significantly reduced to 566M shares, many instances have proven that most of these consolidation exercises in the past has resulted in BIG LOSSES EXCEEDING 50% WITHIN 6 TO 9 MONTHS POST CONSOLIDATION. This is mainly because "the share price now is deemed to be expensive as it is no longer a penny stock" and "it has more ROOM TO DROP".

Some of these companies who have implemented the consolidation exercise and taken a hit on their share price

PUC Before consolidation 28c, 4 month low post consolidation 7c, LOSS 75%
SCOMIES Before consolidation 50c, 5 month low post consolidation 4c, LOSS 92%
ICON Before consolidation 25c, 7 month low post consolidation 4c, LOSS 84%

The above is just based on past statistics.

Looks like more selling down at 3.5c n Sell Q at 4c jumped by over 100M shares from yesterday. Definitely a sign of something impending. Consolidation looks real and near. Better to play safe n get out whilst still got buyers at 3.5c n 3c.

Counter just dropped to 3.5/4c. Trending down pattern. Might see 3/3.5 by end of the week. Be cautious. Seems like big sharks are throwning.

A lot of sellers at 4.5c. Not looking good.
99% of the total transactions done today is at 4c.

Just saw this article from other sites.

"A leading Technical Analyst noted that the trading today following an early recovery-high to 5 sens has given the rise to a strong technical indication that VIVOCOM has been over-payed and over-priced.

In view of the current strong rumours circulating among the trading community about an imminent share consolidation of 20:1 would occur, speculative traders continued to throw caution to the wind.

He also noted that faced with the underlying fragile setting, VIVOCOM's fair value should be ideally peg at 2.5-3.0 sens range for the immediate term."

i also heard the same rumor about the consolidation of 20 shares to 1. In my opinion, this dilution is too excessive and will have a negative impact on the share price. At today's price of 4c, the price will become 80c post consolidation (with 20 shares becoming 1 share). It will no longer be a penny stock.

As it is, Vivocom is trading at a P/E of 87x, which is deemed to be very high. Unless there are new catalyst announcements, i feel price of 80c is expensive and not sustainable at 87x P/E.

Maybe zai3388 is correct, the game might be over soon and the share price will be thrown back to 2.5/3c.